Inaugurating the delayed Genale Dawa (GD-III) hydroelectric power project on Tuesday Prime Minister Abiy Ahmed (PhD) made an appeal to local investors to build the next phase of the hydroelectric project GD-6, in the same river basin that requires an estimated financial outlay of USD one billion.

One of the leading US oil firms, Chevron, has shown an interest to engage in oil exploration and development projects in Ethiopia.

Power Africa, a five-year American presidential initiative launched by former President Barack Obama, has reportedly created 15 million new electrical connections bringing electricity to 70 million people.

A Chinese contractor, CGC Overseas Construction (CGC-OC) Group Ltd, has blamed electric power shortages for impeding the operations of the USD 339 million worth trans-boundary water project to pump potable water to neighboring Djibouti.

The Nordic countries, which have vast experiences on the utilization of renewable energy, offered energy solutions to assist Ethiopia in harnessing renewable energy resources.

Taking the peaceful nuclear initiatives to a more practical stage, the Russian Federation has inked an intergovernmental nuclear deal with Ethiopia, where the latter will develop its own nuclear facilities in ten years’ time.

The African Union Commission (AUC) is working on the establishment of continental energy and ICT markets in Africa.  

A Saudi Arabian firm, ACWA Power, has won a USD 300 million worth solar Public Venture (PV) contract, becoming the first private company to win a mega project under the Public Private Partnership (PPP), after the PPP Board of Ethiopia approved the bid summited by the firm.

The Ministry of Water, Irrigation and Energy announced that the Genale Dawa III Hydro Power Plant and the Aisha Wind Power Plant will soon join the national power grid.